Tangerine takes on Burton's
of Burton's Foods for an undisclosed sum.
The company, which produces the Mojo brand chews, acquired Burton's candy facilities in a move that will make them the UK's foremost independent candy confectionery company.
According to the Irish Business Post, Tangerine can expect to increase its annual turnover from £45m (€66.7m) to £60m (€88.9m) thanks to the profitable deal.
Chairman Steven Joseph said:"This is a great opportunity for Tangerine. The products and expertise are an excellent fit with our business and development plans."
The company was created in January through a management buy-in of Toms Confectionery.
Toms, the UK branch of the Danish sweet manufacturers, Toms of Denmark, produce BonBon candy and Taveners hard-boiled fruit sweets
Tangerine will acquire Burton's 9.4 acre factory in England which employs 180 workers and produces liquorice allsorts, dolly mixtures and jelly babies for a variety of retailers.
Following the acquisition, Burton's Foods will be free to concentrate on their range of biscuits such as Wagon Wheels, Jammie Dodgers and Cadbury Fingers.
Burton's Foods produces Maryland - the UK's best-selling cookie and recorded annual sales of £396.4m (€588.2m) in 2004.
The private company is owned by HM Capital Partners and was formed in 2001. It now exports its most popular biscuits brands to Europe and North America.
